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| Tekijä: | Marion, J. Muehlegger, E. |
| Otsikko: | Fuel tax incidence and supply conditions |
| Lehti: | Journal of Public Economics
2011 : OCT, VOL 95: 9-10, p.1202-1212 |
| Asiasana: | energy tax incidence models retail pricing fuel supplies |
| Vapaa asiasana: | gasoline |
| Kieli: | eng |
| Tiivistelmä: | The incidence of taxes on consumers and producers plays an essential role in assessing energy tax policy. However, there is little literature testing the main predictions of the tax incidence model. In this paper, we study the pass-through rate of state gasoline and diesel taxes to retail prices, and estimate the dependence of pass-through on factors constraining the gasoline and diesel supply chains. Several factors altering the elasticity of supply are considered, including within state heterogeneity in gasoline content requirements, refinery capacity utilization, inventory constraints, and demand variation for untaxed uses of diesel. We find that in periods of time when the supply chain is constrained, and the constraint is plausibly unrelated to shifts in demand, the pass-through rate of fuel taxes diminishes. Several potential implications are described for tax policy, including tax breaks during peak driving season and during times of supply disruptions. |
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